landscape, the trend has shifted from solely focusing on OOH media platform to an integrated platform that combines offline and online media. This new approach has proven effective in helping advertisers

172 (65%) Core EBITDA Margin(%) 10% 12% 14% (4%) 11% 14% (3%) Integrated PET 10% 13% 13% (3%) 10% 11% (1%) Fibers 6% 8% 7% (1%) 8% 8% 0% Packaging 22% 20% 18% 4% 20% 20% (1%) Integrated Oxides and

focus on OOH platform to an integrated platform that combines the offline and online worlds. This new approach has proven effective in helping advertisers reach the exact target audience rather than

661 6664-5 www.indoramaventures.com Ref.No.IVL001/01/2020 6th January 2020 President The Stock Exchange of Thailand Subject: Report on the Completion of the Acquisition of the Integrated Oxides and

% 19% Core EBITDA Margin (%) 11% 9% 10% 2 ppt 1 ppt Combined PET 13% 11% 10% 2 ppt 3 ppt Integrated Oxides and Derivatives 7% 3% 14% 4 ppt (6) ppt Fibers 8% 8% 8% 0 ppt 0 ppt Core ROCE% 8% 3% 6% 5 ppt. 2

(days) 10 10 8 Profitability Ratio Gross Profit Margin 11 (%) 12.17 14.99 16.41 Operating Profit Margin 12 (%) 8.00 11.74 12.12 GFPT Public Company Limited Management Discussion and Analysis for the Year

the year 2018. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

the year 2019. GFPT Group operates fully integrated poultry business involving the production and distribution of feeds, frozen chicken meat, processed chicken and its by- products under both the

LED Network, which consists of 21 LED billboards across 19 provinces. This rollout has transitioned MACO from a pure static media operator to a digital-static integrated media operator in order to

% 1,893% Fibers 61 43 69 43% (12)% Core EBITDA Margin (%) 10% 8% 10% 32% 3% Combined PET 10% 7% 10% 39% 2% Integrated PET 9% 7% 9% 34% 0% Packaging 23% 24% 19% (5)% 19% Specialty Chemicals 8% 1% 7% 664% 6